Overdraft Facility


What is an Overdraft Facility?

An overdraft facility allows Corporates to draw funds from their current account up to the overdraft limit approved. It is a short-term, usually up to 12 months standby credit facility which is usually renewable on an annual basis. 

Benefits:

  • You will have access to affordable low cost financing 
  • You only pay for what you consume
  • You do not need to be salaried to access this facility

How To Get It

The following are the necessary requirements to apply:

  • An existing Zanaco Current account where you will be accessing your overdraft facility from
  • Adequate security/collateral to cover the amount sought

Features:

  • Maximum allowed period of 12 months
  • Secured facility

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